For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions) : Sales $38,800Food and packaging $16,284Payroll 9,800Occupancy (rent, depreciation, etc.) 5,956General, selling, and administrative expenses 5,600$37,640Income from operations $1,160Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is Wicker Company's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) $ millionb. What is Wicker Company's contribution margin ratio? Round to one decimal place.%c. How much would income from operations increase if same-store sales increased by $2,300 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million.$ million
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions) : Sales $38,800Food and packaging ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions) : Sales $38,800Food and packaging $16,284Payroll 9,800Occupancy (rent, depreciation, etc.